Siemens, Bombardier in Talks on Train Merger
German industrial conglomerate Siemens is in talks to combine
its rail unit with Canada-based Bombardier's train business, people
familiar with the matter said.
Barclays Scraps Dividend Target
Barclays Executive Chairman John McFarlane asked shareholders to
be patient on dividends as he took a fresh stab at reshaping the
beleaguered British bank.
GSK Posts Sharp Fall in Profit
GlaxoSmithKline reported a sharp drop in net profit for the
second quarter, reflecting the increased dominance of lower-margin
vaccines and over-the-counter medicines in the company's portfolio
following its $20 billion asset swap with Novartis.
Anthem Results Top Expectations
Anthem reported a better-than-expected 8.4% increase in revenue
in its second quarter, while the insurer bumped up its full-year
guidance for medical enrollment growth.
Hilton's Profit Slides as Expenses Rise
Hilton Worldwide Holdings Inc. said profit fell in its latest
quarter as higher expenses offset revenue growth.
Carlyle Group's Profit Jumps
Carlyle Group on Wednesday said its second-quarter profit rose
55%, as it continued to sell stakes in the companies it owns. But
it saw a decline in another key profitability measure.
Bayer's Profits Rise on Healthy Currency Effects
German pharmaceutical group Bayer reported a 21% rise in net
profit for the second quarter of 2015, boosted by favorable
currency effects and earnings growth in all three business
areas.
BAT Profit Boosted by Investments
British American Tobacco reported higher first-half profit as
the cigarette-maker was buoyed by investments that helped offset
currency losses.
Total Shrugs Off Weaker Oil Prices
French oil major Total said aggressive cost-cutting and an
increase in oil output helped offset the fallout from the collapse
in the price of oil on its bottom line.
Peugeot Swings to First Profit Since 2011
French car maker PSA Peugeot Citroën turned a profit for the
first time since 2011 as higher prices, favorable foreign exchange
rates and improved efficiency boosted the bottom line.
VW Profit Falls on China Weakness
Volkswagen, the world's largest car maker by sales, said net
profit fell 16% in the second quarter because of weakness in China
and restructuring charges in its trucks business.
RBS Plans $2.2 Billion Citizens Sale
Royal Bank of Scotland said it would raise $2.2 billion from the
sale of 86 million shares in Citizens Financial Group Inc. via a
public offering.
Solvay to Buy Cytec Industries for $5.5 Billion
Belgium-based chemicals company Solvay said it is buying U.S.
counterpart Cytec Industries for $5.5 billion in a bid to become a
major player in the production of light-weight materials for
airplanes and high-end cars.
Twitter's Ad Woes Subside, but Growth Stalls
Twitter's advertising business appears to be working its way
past a temporary hiccup, but the growing pains are far from
over.
Yelp Cuts Revenue Guidance
Review-site firm Yelp Inc. cut its revenue guidance for the year
Tuesday and said Chairman Max Levchin plans to step down from the
company.
Microsoft Hopes Sneak Peeks Will Pay Off
For Windows 10, Microsoft went all-out to turn around
perceptions among corporate customers. For the better part of a
year, it distributed in-progress versions to companies and gathered
their feedback.
U.S. Steel Posts Wider Loss
U.S. Steel posted a wider loss and reported a 34% revenue
decline as the steel market remained "significantly
challenging."
Wal-Mart Warns Suppliers Over Labeling Laws
Wal-Mart has sent out a memo to hundreds of suppliers warning
them to comply with labeling laws, emphasizing that the amount
inside a package matches what is printed on the outside.
Regulators Tell AIG, Prudential and GE Capital to Improve 'Living Wills'
Regulators told three huge financial firms to do a better job
explaining how they would handle a bankruptcy without harming the
U.S. economy, signaling that the companies have work to do to avoid
regulatory sanctions in the future.
Global Logistic Properties to Buy 200 U.S. Warehouses for $4.6 Billion
Global Logistic Properties, a warehouse owner part-owned by
Singapore's sovereign-wealth fund, is acquiring about 200 U.S.
warehouses for $4.6 billion in one of the largest real-estate deals
of the year.
Nintendo Scores Profit, No Word on Successor to Iwata
Nintendo swung to a first-quarter profit but didn't provide an
update on who will succeed Satoru Iwata, who died of cancer earlier
this month, as president.